Group 1 - On July 4, CICC Fund announced personnel changes regarding its equity fund management team, primarily involving fund manager Yan Xin [1] - Yan Xin has been appointed as a co-manager for the CICC Economic Cycle Driven Mixed Fund alongside Wang Jialie, while she has been dismissed from her position managing the CICC Consumption Upgrade Equity Fund due to business adjustments [6][4] - Yan Xin has 10 years of experience in the securities industry and 5 years in investment management, previously working as a researcher at Sunshine Asset Management before joining CICC Fund in August 2020 [3][6] Group 2 - The CICC Consumption Upgrade Equity Fund, managed by Yan Xin, has shown a return of -35.32% during her tenure, ranking 401 out of 448 in its category, with continuous losses over four years [6][10] - The CICC Economic Cycle Driven Mixed Fund, which Yan Xin is now managing, has performed better with an 11.98% increase since its inception in May 2022, and a 24.46% increase over the past year [10] - The shift in Yan Xin's management from a poorly performing fund to a stronger one reflects CICC Fund's strategy of reallocating resources to enhance overall management efficiency [10]